Cetera Investment Advisers Has $9.92 Million Stock Holdings in Omnicom Group Inc. $OMC

Cetera Investment Advisers increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 137,937 shares of the business services provider’s stock after purchasing an additional 6,903 shares during the period. Cetera Investment Advisers’ holdings in Omnicom Group were worth $9,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Omnicom Group by 17,506.1% during the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock valued at $227,512,000 after acquiring an additional 2,728,494 shares in the last quarter. Baird Financial Group Inc. grew its position in Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock valued at $323,040,000 after purchasing an additional 1,199,725 shares during the period. AQR Capital Management LLC increased its stake in Omnicom Group by 1,836.5% during the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after purchasing an additional 1,030,633 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after buying an additional 887,415 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Omnicom Group in the first quarter valued at $67,637,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $74.76 on Friday. The company has a market capitalization of $14.43 billion, a PE ratio of 11.04, a PEG ratio of 1.43 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average price is $76.26 and its 200-day moving average price is $74.99. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $105.99.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company posted $2.03 earnings per share. Omnicom Group’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Analyst Upgrades and Downgrades

OMC has been the subject of several recent research reports. Barclays boosted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.